Stay informed with free updates Simply log in to the British tax myFT Digest – delivered straight to your inbox. The number of people in the UK paying the highest rate of income tax will exceed 1 million for the first time this year. This is because a long-term freeze of the thresholds and wage … Read more
Image source, Getty Images Item information Author, Tom Espiner Role, Reporter, BBC News June 21, 2024 07:51 BST Updated 2 hours ago Government borrowing reached the highest level since the Covid crisis in May, but was lower than the British budget watchdog had predicted. £15bn of loans were taken out last month, which was £800m … Read more
Image source, Getty Images Item information Author, Tom Espiner Role, Reporter, BBC News June 21, 2024 07:51 BST Updated 6 minutes ago Government borrowing reached the highest level since the Covid crisis in May, but was lower than the British budget watchdog had predicted. £15bn of loans were taken out last month, which was £800m … Read more
Petrol stations operated by supermarket chains such as Asda, Tesco, Morrisons and Sainsbury’s contribute significantly to this price increase. ADVERTISEMENT Daily price comparisons in the UK show that retailers are slow to pass on savings to drivers. New research from automotive group RAC shows that British drivers now spend an average of around 20 cents … Read more
1 day ago By means of Mitchell Labiak, Business reporter • Andy Verity, Economic correspondent Getty Images The unemployment rate has unexpectedly risen to the highest level in two and a half years, official figures show. Interest rates rose to 4.4% in the three months to April, the highest level since September 2021. Despite the … Read more